Scale reshapes industry economics, says Kumar Mangalam Birla

The scale of a company can begin to reshape the economics of the industry itself, Kumar Mangalam Birla, Chairman of the Aditya Birla Group said. “In a capital intensive industry such as cement, for example, scale creates certainty. It gives suppliers the confidence to innovate, technology partners the incentive to invest, logistics providers the flexibility to optimize, and customers the assurance to plan ahead and develop deeper relationships,” he said while addressing the participants of the 109 th Annual General Meeting of the Madras Chamber of Commerce and Industry (MCCI).